Saudi state petroleum firm Aramco and France’s Total, partners in the Satorp refinery at Jubail on the Gulf coast, are talking with banks to refinance $2.2bn of the joint venture’s debt, according to a 3 October Bloomberg report. The partners are looking to cut the borrowing cost on loans taken out to finance development of the refinery. Aramco and Total raised $8.5bn of project finance to fund the $14bn project (MEES, 18 December 2015). The twin-CDU Satorp refinery reached full...